Transportation and Logistics Systems, Inc. Announces Board Appointments
January 26, 2022 at 07:45 pm IST
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On January 20, 2022, the Board of Directors of Transportation and Logistics Systems, Inc. elected Charles Benton (age 71) to the Board of Directors of the Company to serve until his successor is elected and qualified. Mr. Benton will serve as Chairman of the Company's Audit Committee and will serve on the Company's Compensation Committee. Mr. Benton was appointed to the Board based on his extensive experience in the transportation and supply chain industries and his experience with the boards of directors of publicly-traded companies, including his various roles, such as Chairman and on governance committees. Currently, he serves as a director and Audit Chairman of Vision Hydrogen Corp. On January 20, 2022, the Board of Directors of the Company elected Norman Newton (age 55) to the Board of Directors of the Company to serve until his successor is elected and qualified. Mr. Newton will serve as Chairman of the Company's Nominating Committee and will serve on the Company's Audit Committee. Mr. Newton was appointed to the Board based on his high-level executive skills across a multiple of large organizations and his background in implementing digital technology in various areas relevant to the Company's plans and operations. Currently, Mr. Newton is the President and CEO of AmeriCasa Solutions, LLC, a vertically integrated provider of
housing to the Hispanic Community in the United States. Mr. Newton is also the Managing Director of Newton Vision Corporation, a privately held investment and consulting company with deep experience in business process reengineering, optimization, and digital transformation. On January 20, 2022, the Board of Directors of the Company appointed John Mercadante, a current member of its Board of Directors, to serve as Chairman of the Company's Compensation Committee and to serve on the Company's Nominating Committee.
Transportation and Logistics Systems, Inc. is a holding company. It is primarily an asset-based point-to-point delivery company. The Company operates through its subsidiaries, Cougar Express, Freight Connections, JFK Cartage, and Severance Trucking Co., Inc., provides a full suite of logistics and transportation services, specializing in e-commerce fulfillment, last mile deliveries, two-person home delivery, mid-mile, and long-haul services. The Company, through its subsidiaries, owns approximately 32 vehicles consisting of trucks, box trucks and vans, 14 trailers, and 15 forklifts. In addition, its operations utilize the services of independent contractors, who generally use their own vehicles, on an as needed basis. It has built its delivery services to perform effectively in the on-demand shipping environment that is part of the e-commerce fulfillment solutions system.